About 6 months later, I received a letter saying that the debt had been sold. A little foolishly, I ignored this and stopped the payments soon after. I hadn`t missed any payments so far. 1. You must provide me with an authentic copy of the alleged agreement to which you refer. This is my right under your obligation to provide a copy of the contract under the laws contained in section 78(1) of the Consumer Credit Act 1974. I hope you can give some tips about CCA. I recently received a letter of application for catalog debt sold to a debt company, but I am a little confused about areas related to the CCA. The letter of claim states that I have the right to request a copy of the written agreement, but it goes on to say: If the creditor sends you a copy of your agreement and bank statement at any time after you have requested it, the creditor can take or pursue legal action against you to collect the debt. Pra Group has informed me that my debts are not enforceable, but they are still payable because they cannot find the loan agreement. They will contact me on October 9 to see what I will do. Am I okay with guessing that I won`t pay more until they come to the deal (if any)? I suggest waiting two or three months before deciding that they cannot reach the agreement and decide not to pay it anymore.
Part IX gives the courts broad powers to take over credit transactions that are considered exorbitant and gives them control over regulated arrangements. Article 189 states that the “court” means the district court; all issues must be brought before the District Court, although some situations related to exorbitant loan contracts may be referred to the High Court.  The regulations in question are the Consumer Credit (Contracts) Regulations 1983 (SI 1983/1553). These rules provided for specific rules for certain “prescribed clauses”. For example, a regulated loan agreement had to include mandatory information about the amount of the loan, the duration of a term loan, the amount of monthly repayments, etc. If a lender fails to comply with the prescribed rules, the agreement will not be “properly executed” under section 61 and could then be challenged as “irretrievably unenforceable” under section 127. This information must be included in a document entitled `Pre-contractual information`, which must be provided separately from the credit agreement itself. If the creditor has initiated legal proceedings (you have been sent a claim form), you may have hoped that the CCA agreement could not be reached. But now that you have it, it`s not a possible defense, so you have to ask yourself if you have another defense.
Talk to National Debtline about your options. But if you`re being contacted about a very old debt, it`s a very good idea to ask about the ACC deal. In January 2019, a new court ruling made it harder to tell if some old debts are time-barred, so even if you think your debt should be time-barred, it`s definitely worth asking about the CCA deal as another possible defense. any information relating to the borrower, tenant or guarantor or any information contained solely for the use of the lender or owner that is not required to be contained by CCA2 or 2 regulations issued under the CCA on the form and content of the agreement; Part IV of the Act also applies to ancillary credit transactions related to advertising, advertising and offers, as well as to the means of seeking business […].